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So Apple is now to be exempted from a tariff on their Chinese made Iphones according to a new Trump edict.
Well that's a win for the US consumer but I wonder how other importers will see this as surely it's pretty unfair with one super rich corporation being singled out for special treatment.
Americans will still be soon paying much higher prices for their Chinese made toasters, TVs, microwaves, avocados, bananas and so on. Even Boeing have to import around 60% of their components so down the track air transport prices will rise.
This entire mess is not one of Trump's making although he made mistakes with tariffs during his first term that eventually lead to having to bail out US farmers with subsides.
Presidents since FDR have allowed US manufacturing to go off shore without addressing a problem that would emerge decades later. And they all rewarded US corporations with lower taxes on surging profits.
Green Man wrote: So you wants us to own nothing and be happy like - the WEF are pushing?
No idea what you're talking about.
Capitalism has flaws
Socialism has flaws
Communism has flaws.
Social democracies seem to fair well with most of Europe as an example.
Can't understand why people wouldn't have sympathy if US consumers eventually pay exorbitant prices eventually
for things that were relatively cheap especially with a very low minimum wags of $7.25 per hour which hasn't changed for years.
I've got nothing against Yanks even the MAGA crowd and I get no joy if they have a hard time.
But who knows, it's early days in the Tariff Wars. Anything can happen.
But I'm not sure the US VP Vance calling the Chinese "peasants" will help.
Sony jack up the price for the PS5, Playstations have always been steep when they first launch, then go down in price within a few years - not forgetting GTA is an exclusive game to Sony.
When I was bit of gamer in my younger days the PS1 and Saturn were expensive even back then. Sega and PS1 games were about £45 which equals to about £85 in today's money. Yes, we paid full price even in 1998.
I dread to think how much I spent on my CD-I and games in the very mid 90s. Probably well over £2000 in todays money. CDI was expensive then but it was considered high tech.
I bought it to play Thunder in Paradise, if you remember the Hulk Hogan TV show.